RWE CEO Supports More Rapid Switch to Green Hydrogen Pipelines
4/23/2021
FRANKFURT (Reuters) — Germany's regulation for using future supplies of carbon-free hydrogen on existing and new pipelines for natural gas should be undertaken jointly rather than separately, the chief executive of utility RWE said on Friday.
Only this approach would allow the industry "sensible and integrated planning," Rolf Martin Schmitz said in a speech to be given to shareholders on April 28.
Berlin government wants a separate approach to prevent cross-subsidizing at the expense of consumers, but the gas industry says it needs more freedom to maneuver for green hydrogen to arrive.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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